Used in the context of general equities. Order for the purchase (sale) of one stock and the sale (purchase) of another stock at a stipulated price difference. Contingent order , swap . For equities , selling one security to purchase another, usually to enhance yield while
SWITCH ORDER
Meaning of SWITCH ORDER in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012